AFTA council to expand rules of origin

Trade ministers of the Association of Southeast Asian Nations (ASEAN) will gather here on Thursday for the 18th ASEAN Free Trade Area (AFTA) council meeting to seek ways to boost intra-regional trade and to attract foreign investment ...

Import increases 16.06%: BPS

Imports in July escalated by 16.06 percent to US$4.11 billion from $3.54 billion in the previous month, with non-oil and gas imports at the highest since the economic crisis in 1997, the Central Statistics Agency (BPS) reported on Wednesday ...

BP Migas commences tender to sell crude

Oil and gas upstream regulatory agency BP Migas is selecting firms for a six-month contract to sell condensate and crude oil ...

Govt opens tender of 10 oil, gas blocks

The tender process officially began on Monday for 10 oil and gas block acreages, and offer a better production split and incentives for investors ...

Government assumes $24 oil price

The government defended on Monday its proposed oil price assumption for next year at US$24 per barrel against lawmakers, who insisted the figure was too conservative and failed to reflect current global developments ...

More sectors to be opened to foreign investors

A government team established to formulate policies and guidelines to help jack up investment will soon finalize its on-going talks on opening up more sectors to foreign ownership ...

New BKPM role to up investment

The government denied on Wednesday that the newly signed decree centralizing licensing procedures for investment under the auspices of the National Investment Coordinating Board (BKPM) was intended to scrap the power of regional governments. ...

RI coal production to increase to 119.7 million tons

Coal production is expected to increase significantly this year on the back of high demand from both the global and domestic markets, the national coal association announced on Monday ...

RI may become net oil importer in 10 years: BP Migas

Indonesia could become a net oil importer in 10 years if there are no new finds and the public continues its lavish consumption of fuel oil, a senior official at a governmental agency warned ...

Oil and gas investment expected to improve in 2004

The government expects investment in oil and gas, as well as power sectors, to improve next year on the back of attractive oil and gas resources and the liberalization programs in the power sector ...

RI needs Rp 613t in infrastructure investment

The Indonesian government will need much more assistance from the private sector to help finance the development of the country’s sub-standard infrastructure, which is seen as crucial to boosting economic growth ...

ADB gives US$188.6 million in loans to Indonesia

The Asian Development Bank (ADB) announced on Saturday that it was extending two loans worth US$188.6 million to Indonesia ...

Government launches rural phone line project

The government officially launched on Thursday the initial stage of a Rp 475 billion (US$528 million) telecommunications project aimed at 72,000 villages across the country ...

Industry, government, consumers to boost product standards

Top government and industry officials, consumer groupings and scholars gathered on Thursday to endorse the formation of the Indonesian Standardization Society (MASTAN) in an attempt to raise public awareness on the need to put more attention on product standards ...

Bappenas predicts economy to grow by 4.5% next year

The National Development Planning Agency (Bappenas) sees the economy growing by 4.5 percent next year, absorbing possibly some 1.4 million new entrants to the workforce, assuming no political turmoil during the general elections ...